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Singapore Raising Taxes for Luxury Homeowners

The Finance minister of Singapore, Tharman Shanmugaratnam announced on Monday, Feb 25 that the government will be increasing the tax rates for wealthy homeowners in the country. The tax hikes are a part of the 2013 budget announcement. The step comes as an effort to make the tax system more effective.

Barnes & Noble Buyout: Founder Wants to Buy Retail Part of Company

Barnes & Noble founder Leonard Riggio and chairman plans to buy the retail business but not the Nook Media unit that operates the Nook digital business and college bookstores, according to a regulatory filing with the Securities and Exchange Commission and a statement released on Monday.

Morgan Stanley fund buys Moscow mall for $1.2 bln

Morgan Stanley Real Estate Investing said one of its funds had bought the Metropolis shopping mall in northwest Moscow, in what it called Russia's biggest commercial real estate deal.